Is it a good time to invest in [复制链接]

The stock markets in China (Shenzhen and Shanghai) have badly under performed markets in other countries in recent years. This is in sharp contrast to the performance of the booming economy in China. In general, there is strong correlation between stock market performance and corporate earnings. Given the rapid pace of economic expansion in China today, I’d expect strong earnings growth as well. It’s quite puzzling that stock prices continued to decline year after year. Are the Chinese companies undervalued? Is it time to buy these stocks in anticipation of a nice rebound?

oscar先生：中国股市早期是在政府调控中起起伏伏，历时十年来的政策市令股民盲目乐观，自从98年底开始逐步市场化以来，股市一路走低，实际上是回复到真正价格，投资者也是在低迷的股市中由迷惘走向清醒，有人逆市挣钱（这些才是真正的高手！），有人信心尽失远离股市～

好高兴你对中国经济的乐观估量，请问你预期中国股市何时才能勃发生机呢？

［此帖子已被 花心萝卜 在 2005-8-3 9:06:16 编辑过］

多谢奥斯卡（Oscar）提供大陆股市新行情，雨露要翻箱倒柜找银子，对准深圳与上海两股，以求在低价位入市，希望来一个大翻身。哈哈、、、、

雨露：要抄底的话现在正是时候，机不可失时不再来啊。

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原文由 花心萝卜 发表:
oscar先生：中国股市早期是在政府调控中起起伏伏，历时十年来的政策市令股民盲目乐观，自从98年底开始逐步市场化以来，股市一路走低，实际上是回复到真正价格，投资者也是在低迷的股市中由迷惘走向清醒，有人逆市挣钱（这些才是真正的高手！），有人信心尽失远离股市～

好高兴你对中国经济的乐观估量，请问你预期中国股市何时才能勃发生机呢？

［此帖子已被 花心萝卜 在 2005-8-3 9:06:16 编辑过］

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萝卜,

Thanks for the explanation. But please do not call me 先生. I am actually a few years your junior.

As for when the Chinese stock market is going to recover, I wish I knew. I don’t think anyone in the world can consistently time the market. With that said, I am a firm believer in the “principle of maximum pessimism” that was so successfully practiced by the legendary investor Sir John Templeton. When everyone is pessimistic and ready to throw in the towel, it is normally the time to buy. The Chinese equity markets are probably not far from the bottom. In any case, I started to buy some Asian mutual funds, which invest in the emerging Asian markets, including China. If the Chinese stocks rally, I’ll benefit from it. If not, I hope the other Asian markets would provide me a decent return.

oscar ：请原谅直呼大名，目前中国股市自从人民币汇率调升后，已经有明显上升趋势，但是看来有点底气不足，昨天就出现跳高开盘、后市调整的走势。因此现在还是入市的好时机。

您的投资观点很稳妥啊。

［此帖子已被 花心萝卜 在 2005-8-4 8:32:09 编辑过］

很关注这方面的信息，从 Oscar 的贴子里得益不少，希望多上来传授。

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原文由 雨露 发表:
很关注这方面的信息，从 Oscar 的贴子里得益不少，希望多上来传授。

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雨露,
I am not qualified to “传授". But I’d love to share investment ideas.